11. DEFERRED TAX LIABILITY, NET

Deferred tax asset resulted from accrued employee social insurance that can be deducted for tax purposes in the future, and difference between tax and accounting basis of cost of fixed assets which was capitalized for tax purposes and expensed as part of cost of systems in accordance with US GAAP. Deferred tax liability arose from the difference between tax and accounting basis of net investment in sales-type leases.

As of December 31, 2014 and 2013, deferred tax liability consisted of the following:

	2014		2013
Deferred tax asset — current (accrual of employee social insurance)	$	89,114	$	70,551
Deferred tax liability — current (net investment in sales-type leases)		(1,124,451)		(1,442,317)
Deferred tax liability, net of deferred tax asset – current	$	(1,035,337)	$	(1,371,766)

Deferred tax asset — noncurrent (depreciation of fixed assets)	$	30,310,142	$	31,308,695
Deferred tax liability — noncurrent (net investment in sales-type leases)		(43,612,679)		(43,263,314)
Deferred tax liability, net of deferred tax asset – noncurrent	$	(13,302,537)	$	(11,954,619)